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South Africa invests a significant amount of national treasury funds into its VMMC program.
Why isn't that your position concerning the ability of Congress to restrict campaign speech paid for with corporate treasury funds?
Rather the case (which involved a nonprofit corporation that produced a documentary critical of Hillary Clinton) stands for the proposition that corporations may spend treasury funds on independent expenditures.
Namely, federal law prohibits a union from spending its general treasury funds on politics if individual employees object to such use-employees, in short, enjoy a federally protected right to opt out of funding union political activity.
And when settlements are made, they come out of a special U.S. treasury fund rather than an office's funds, a requirement in other federal agencies.
The fundamentals of treasury stand firm.
Secretary of treasury: Bernie Madoff.
Officers were paid either in cash from the emperor's treasury or, more frequently, by the assignment of lands from which they had to collect the revenue, retaining the amount of their salary and remitting the balance to the treasury.
The government bond fund category (representing a mix of Treasurys and agency paper) was up 11.8%; funds buying U.S. stocks were down an average 1.7%.
Ditto for the I-Share Lehman 7-10 Year Treasury Bond Fund (84, IEF), an exchange-traded fund containing a broad batch of Treasurys and yielding 3.8%.
Money-market funds themselves hold another $338 billion of Treasuries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com